Exclusive | Global Investment Summit: HSBC fills Credit Suisse’s Hong Kong void by hosting 2,800-person conference
- HSBC Global Investment Summit will be held April 8 to 10, after bank’s co-sponsored Hong Kong Sevens rugby event
- Conference creates a platform for people to connect, to understand what is going on across the world and across the financial markets, co-CEO Rosha says
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HSBC Asia-Pacific co-CEO Surendra Rosha on Global Investment Summit and digital currencies
The HSBC Global Investment Summit, to be held April 8 to 10, will create a platform for participants to better understand the opportunities and issues in financial markets, Surendra Rosha, co-CEO for Asia-Pacific, said in an interview. The Hong Kong Sevens, a rugby competition the bank cosponsors with Cathay Pacific, preceded the summit.
The event will be at an “unprecedented scale” with an expected attendance of more than 2,500 market professionals and 300 corporate executives, he added. Some 5,000-odd meetings are being arranged for attendees to explore ideas and issues in technology, sustainability, climate change and the Asia-Middle East corridor, among
“It’s a privilege for us to be able to host this event,” Rosha said. “This conference is really about giving a platform for people to connect, to understand what is going on across the world and across the financial markets, [and] also to think about new networks that are being created.”
This week’s summit will allow the UK-based lender to further boost its leadership in Hong Kong, its single largest market globally. The city contributed US$10.7 billion or 35 per cent to the group pre-tax profit in the most-recent quarterly results, and the most in deposits, assets, card spend, insurance and cash management.
Hong Kong’s connectivity, both globally and to mainland China, has helped expand its market share in trade over the last three years, according to HSBC, while new-to-bank customers in Hong Kong increased by 36 per cent, thanks to the return of mainland visitors after the end of China’s zero-Covid policy.
